Cascadura is still biggest story for 2022 and 2023I love all the oily excitment but Casacdura is still biggest story for 2022 and 2023 and will provide the cash for everything else to unflod.
Cascadura will be the big event in 2022 and also likely in 2023 as the first two wells come on line at 60 mmcf/day (in 2022) and then the 4-6 development wells boost production to 200 mmcf/day.(in 2023). Once Cascadura is producing at 200 mmcf/day then TXP can self fund everything else (two rig continuous drilling program plus all facilities for liquids) at the same time as they pay off all their debt. End of 2023 they can start paying dividend. 10 million mmcf from Coho is $500,000 profit a month or $six million a year. Cascadura is 20 times larger which means $120 million a year. And Cascadura has liquids to sell too.
TXP under US $2.00 is a compelling buy. But the posters are right who mention that there is a certain fatigue from the sheer duration of the buying opportunity.